Both recent drops resulted in a multi-day consolidation period with another move UP. If this pattern repeats itself, we are likely to range here between $375-$400 for over a week before going back up. Daily close under the lower red line would invalidate this setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.